Westcore Increases Interest in Panther Coal Property

SASKATOON, SASKATCHEWAN--(Marketwire - Oct. 10, 2012) -WESTCORE ENERGY LTD. - (TSX VENTURE:WTR) ("Westcore" or the "Company") is pleased to announce that it has increased its interest in the Panther Coal Property (formerly the "FNR JV Property") from fifty percent (50%) to sixty percent (60%) as per the terms of the letter agreement between Westcore and 49 North Resources Inc. (FNR: TSX.V). Details of the letter agreement were announced by Westcore on October 19, 2010.

To date, Westcore has completed a total of 2,566 metres of drilling in 23 wells on the Panther Coal Property (Figure 1) located in western Manitoba. This drilling successfully delineated the Quasar deposit and identified a new deposit in 2012 ("Vesta"). The Company is in the process of having these results reviewed and incorporated into an NI 43-101 report, which will be filed promptly following completion.

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